standard contract

[Eli M.]

hey there!

will the standard contract give me an opportunity to cancel the deal if the appraisal will come in below the selling price (and the buyer wouldn't want to lower the price) ?

also, if i am not happy with what the inspector told me could i just cancel the contract or should i have any valid/specific reason for it?

thank you all in advance !

[Account Closed]

In most standardized contracts you will be looking for the "Mortgage Contingency" as well as the "Inspection Contingency" those two items when they are Checked off will allow you maneuverability if the results of the Appraisal and or Inspection are not sufficient to meet standards.

If those Items are "Waived" you could be in a tight spot.